“We continue to see very positive factors of continuing low mortgage rates, great affordability levels and a robust labour market. The continuing shortage of properties for sale should also continue to support price growth,” Galley commented.

Prior to May and June, property prices have been more haphazard during the first few months of 2018, leaping up by 1.6% in March and dropping fairly steeply in April, then rising again by 1.7% in May, when properties were 1.9% higher than a year earlier.

Despite the steady growth of house prices, the growth has been referred to as modest.

“We expect house price gains over 2018 will be limited to a modest 2 percent. At this stage, we expect prices to rise no more than 3 percent in 2019.”

This modest growth can be viewed as positive for property investors, vendors and buyers, as investors and vendors can have confidence their property is going up in value, while sellers can have equal confidence that there is unlikely to be unsustainable high rises in the pipeline that makes affordability difficult, especially for first-time buyers who may struggle to get on the property ladder.

If you are wanting to put your property on the market in London or are looking for a property in purchase in London or the South East, contact us now. Our friendly and professional team of Estate Agents can take care of all your buying and selling requirements.

Your results

Your Valuation in the region of...

To sell

To let

Minimum:£000,000

£000,000

Potential:£000,000

Unfortunately we do not have enough data to give you an accurate valuation.
Your local Stirling Ackroyd property expert will be in touch to arrange an accurate valuation taking into account improvements to your property,
the local market and more. Or arrange a valuation now by clicking here.

Whilst this instant valuation provides a guideline, your local Stirling Ackroyd property expert will be in touch to provide a more accurate valuation taking into account improvements to your property, the local market and more.